<span>A demand curve shows how changes in quantity affect price. The demand curve is a graph that will have a good or service and how the quantity purchased is related to the price point the item is set at. Overall, the relationship between demand and price are directly related and depicted on the graph. </span>
Answer:
Brazil has comparative advantage in Ethanol.
Both US & Ethanol can gain from trade, if they specialise in their good of comparative advantage & import the other at lower opportunity cost.
Explanation:
Comparative advantage is when an economy can produce a good with lesser opportunity cost than other economy.
Brazil can produce ethanol at lower opportunity cost, as it uses lesser resources to produce Ethanol, compared to US.
So, Brazil has comparative advantage in producing ethanol. Both US & Brazil can gain from specialisation : As, US can get more ethanol at lesser than domestic opportunity cost. And, Brazil can also gain from trade by importing the good in which US has better opportunity cost & comparative advantage, in exchange of exported ethanol. It would imply Brazil would get more of the other good at lesser than domestic opportunity cost.
Answer:
Explanation:
Step 1
The pro forma income statement of Crosby Inc is as follows, in attachment
Step 2
The excel workings for pro forma income statement of Crosby Inc. is shown below,
Step 3
The pro forma balance sheet of Crosby Inc is as follow...
Answer:
Social
Explanation:
In this secanrio social forces affected MySpace performance and they were eventually sold at $38 million from an initial value of $580 million.
Social factors affect consumer behaviour, through influence of a person or group on another through culture social class, reference groups and family.
My Space targeted only people below 25 years, so this means they cannot interact with people in other age groups. They lost appeal for MySpace as a result.
